A business loan is an agreement between your business and a lender in which you agree to pay an interest rate on a specific amount of capital borrowed over a specified period of time. As we have discussed earlier, a business loan works very much in a similar fashion to a mortgage. You are lent [...]
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What is an SBA Business Loan?
An SBA business loan is a debt instrument provided by you to by a lending institution that has been guaranteed by the United States government through the Small Business Administration. Many entrepreneurs wrongly think that it is the federal government that grants the loan. This is not the case. With an SBA loan, the government [...]
Business Line of Credit Versus Business Loan
The primary difference between a Business LOC and a business loan is that with a credit line you can draw down the principal as needed rather than taking on a debt obligation as one lump sum. You only pay interest on the portion of the credit line that you have drawn down. Additionally, with a [...]
Get Fast and Easy Business Cash Advance Instead of A Small Business Loan
Today’s economy and high unemployment rates are pushing most of us to explore the option of putting up our own small businesses. You will get to handle your own money, there is no risk of lay-offs, and it is a great opportunity to explore your skills on handling your own business and company. However, more [...]
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